EURUSD Daily Analysis – June 28, 2019

EURUSD moved sideways in a trading range between 1.1344 and 1.1412. As long as 1.1344 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 1.1181, further rise to 1.1450 area is still possible after the consolidation. On the downside, a breakdown below 1.1344 support would confirm that the upside movement had completed at 1.1412 already, then the pair would find next support level at around 1.1280.

EURUSD 4-hour chart